Key Highlights
- 78% of shopping occasions start online
- Global e-commerce sales reached $4.9 trillion in 2021
- Mobile e-commerce accounted for 72.9% of total e-commerce sales in 2021
- 87% of consumers shop online
- 53% of global website traffic comes from mobile devices
- 60% of e-commerce businesses use AI to personalize customer experiences
- 45% of online shoppers abandon their carts due to high shipping costs
- 35% of online retailers use augmented reality to enhance shopping experiences
- 75% of consumers expect personalized offers
- Social commerce sales are projected to reach $1.2 trillion by 2025
- 64% of shoppers are more likely to buy from a brand that offers personalized experiences
- 73% of customers expect seamless omnichannel shopping experiences
- 80% of online retailers plan to increase investment in ecommerce technology in 2023
In a rapidly evolving digital landscape where 78% of shopping occasions now start online and mobile e-commerce accounts for nearly 73% of sales, businesses must embrace innovative transformations—such as AI personalization, augmented reality, and seamless omnichannel experiences—to stay competitive and meet the soaring $4.9 trillion global e-commerce market.
Consumer Buying Behavior and Preferences
- 78% of shopping occasions start online
- 87% of consumers shop online
- 45% of online shoppers abandon their carts due to high shipping costs
- 75% of consumers expect personalized offers
- 64% of shoppers are more likely to buy from a brand that offers personalized experiences
- 73% of customers expect seamless omnichannel shopping experiences
- Video content increases conversion rates by up to 80%
- 46% of consumers say they are more likely to shop with brands that use AR experiences
- 48% of online shoppers say they shop more with retailers that offer multiple payment options
- The average order value (AOV) for e-commerce in 2022 was $128
- 55% of online shoppers abandon their cart due to complicated checkout processes
- 62% of consumers are willing to download retail apps for personalized benefits
- 52% of consumers prefer to buy from brands that offer fast delivery
- 69% of online shoppers use product reviews before making a purchase
- 45% of customers abandon their shopping carts due to unexpected costs at checkout
- 74% of consumers are more likely to purchase from brands that personalize their offers
- 42% of online shoppers prefer personalized product recommendations
- 84% of consumers say being treated like a person, not a number, is very important to winning their business
- 67% of online shoppers are willing to pay more for a better customer experience
- 65% of customers are more likely to shop from a retailer with a strong social media presence
- 44% of online shoppers abandon their cart because of complex checkout processes
- 60% of online shoppers complete their purchase within 24 hours of viewing a product
- 53% of consumers are more loyal to brands that personalize their shopping experience
- 70% of online shoppers prefer to buy from brands that offer seamless checkout processes
- 80% of consumers are more likely to buy from brands that offer multiple payment options
- 63% of online shoppers prefer brands that offer easy return policies
- 77% of consumers have used social media to discover new brands or products
- 88% of consumers say a seamless omnichannel experience influences their purchase decision
- 59% of online shoppers prefer brands with sustainable and eco-friendly practices
- 49% of online shoppers say they are more likely to purchase from a brand that offers excellent customer support
- 54% of online consumers have made a purchase after watching a live stream
- 61% of online shoppers prefer to receive personalized emails after shopping
- 65% of online shoppers value fast and free delivery options
- 58% of online shoppers are influenced by reviews and ratings when making purchase decisions
- 76% of online consumers prefer mobile-friendly websites
Consumer Buying Behavior and Preferences Interpretation
E-commerce Market Size and Growth
- Global e-commerce sales reached $4.9 trillion in 2021
- Social commerce sales are projected to reach $1.2 trillion by 2025
E-commerce Market Size and Growth Interpretation
Mobile Commerce and Omnichannel Experience
- Mobile e-commerce accounted for 72.9% of total e-commerce sales in 2021
- 53% of global website traffic comes from mobile devices
- The average speed of a mobile e-commerce site that converts well is under 3 seconds
Mobile Commerce and Omnichannel Experience Interpretation
Security, Trust, and Personalization
- E-commerce fraud losses top $20 billion annually worldwide
- 68% of e-commerce sites are investing in cybersecurity enhancements as part of digital transformation
- 82% of consumers trust brands with secure payment options
Security, Trust, and Personalization Interpretation
Technology Adoption and Innovation (AI, AR, Chatbots)
- 60% of e-commerce businesses use AI to personalize customer experiences
- 35% of online retailers use augmented reality to enhance shopping experiences
- 80% of online retailers plan to increase investment in ecommerce technology in 2023
- 85% of businesses see measurable ROI from their digital transformation initiatives
- The adoption of chatbots in e-commerce increased by 24% in 2022
- 71% of e-commerce business owners believe that digital transformation has positively impacted their growth
- 87% of online retailers plan to adopt AI-based personalization tools in 2023
- 74% of retailers are planning to increase their investments in AR/VR technologies by 2024
- 67% of e-commerce platforms have integrated AI chatbots for customer service in 2023
- 70% of ecommerce companies plan to implement more AI-driven solutions in the next year
Technology Adoption and Innovation (AI, AR, Chatbots) Interpretation
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